Woolworths and Coles are in hot water after the ACCC filed a court case alleging that the supermarkets have misled consumers over products on sale. The Reserve Bank of Australia has sat for the sixth time this year… and paused the cash rate for the sixth time.. At 4.35%. Intel has received a $5 billion USD investment offer from Apollo Global Management just after a potential takeover offer from rival Qualcomm. — Download the moomoo app here to get 3 free stocks when you sign up. Conditions apply...
Sep 24, 2024•7 min•Transcript available on Metacast Myer’s shares have dropped over 10% after it suffered a fall in its annual sales, but it's doubling down on its private labels like sass & bide, Marcs and David Lawrence. Airbnb has seen a significant shift in its accommodation demands so now it has a brand new focus for growth - long-term stays Nike has seen its share price pop more than 7% after announcing a new CEO… after slowing sales growth — Download the moomoo app here to get 3 free stocks when you sign up. Conditions apply Moomoo dis...
Sep 22, 2024•7 min•Transcript available on Metacast A new KPMG report shows that Australian CEOs are keen to pull the plug on work from home and bring staff back into the office 5 days a week. Harvey Norman has been hit with a class action over allegedly selling worthless extended warranties to customers. Instagram is introducing “teen accounts”, with restrictions in place, hoping of making the platform safer for young people. — Download the moomoo app here to get 3 free stocks when you sign up. Conditions apply Moomoo disclaimer: *Pass-through f...
Sep 19, 2024•9 min•Transcript available on Metacast CommBank is exploring the possibility of replacing thousands of local call centre staff with an AI-customer service centre. Microsoft has announced a $60 billion share buy back as well as a 10% increase to its quarterly dividend. Tupperware Brands, the brand behind the kitchen staples, is preparing to file for bankruptcy this week after it struggled to manage more than $700 million USD in debt. — Download the moomoo app here to get 3 free stocks when you sign up. Conditions apply Moomoo disclaim...
Sep 17, 2024•7 min•Transcript available on Metacast The Australian government wants to fine social media platforms up to 5% of their global revenue if they don’t stop the spread of misinformation Microsoft is cutting 650 jobs at its Xbox gaming division after its making its biggest acquisition to date -the $69 billion USD purchase of Activision Blizzard Temu’s parent company, Pinduoduo, saw its share price drop more than 3% on Friday after the US proposed new tariffs on their products — Download the moomoo app here to get 3 free stocks when you s...
Sep 15, 2024•7 min•Transcript available on Metacast REA Group, the owner of Realestate.com.au, has had its first offer to acquire UK’s Rightmove rejected - but it may come back for more. HESTA, the super fund, is putting pressure on Australia’s largest companies to adopt gender targets across their entire organisation. Google is facing its second antitrust trial against the US Department of Justice in just 2 months - for allegedly monopolising the digital advertising industry. — Build the financial wellbeing of your team with Flux at Work: https:...
Sep 12, 2024•7 min•Transcript available on Metacast SafetyCulture, the workplace safety tech company, has raised $165 million, but its valuation took a little bit of a haircut in the process. Apple’s share price has fallen more than 1% after its annual product launch didn’t quite excite investors as much as expected. Wise has been granted the Australian financial services licence by ASIC and it’ll be offering new investment products to its customers later this year. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fl...
Sep 10, 2024•7 min•Transcript available on Metacast Star Entertainment, the major casino operator, has put its shares in a trading halt as it looks for ways to survive. Ticketmaster’s owner, LiveNation, is under investigation after being criticised for inflating the price of concert tickets in the UK…and this issue could soon come to Australia too. Burberry is set to be dropped from London’s FTSE 100 index after 15 years, as its share price plummets to its lowest price since 2010. — Build the financial wellbeing of your team with Flux at Work: ht...
Sep 08, 2024•7 min•Transcript available on Metacast Coles is cutting two of its liquor chain brands and will fold them under the Liquorland banner to grow sales. Country Road Group has reported a 66% drop in annual profit as it struggles to find its footing after breaking away from David Jones. Canva has jacked up the prices on some its offerings by up to 300% as it plans to for a potential listing in 2026. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/Fl...
Sep 05, 2024•7 min•Transcript available on Metacast REA Group has announced that it’s considering acquiring Rightmove, the United Kingdom’s largest property platform. Abercrombie and Fitch, the 90’s teen retailer, has seen its quarterly sales jump to over $1 billion USD after doing a major revamp to its brand. Airtrunk, the Australian data centre group, has been sold for over $23 billion after a 12 month auction that was heated . — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App S...
Sep 03, 2024•7 min•Transcript available on Metacast Adore Beauty has seen its sales jump more than 7% but now it’s making a slightly unconventional move into the physical world. Apple and Nvidia are in talks to invest in OpenAI as part of its latest capital raise, which would value OpenAI at $100 billion USD. Cettire’s shares dropped 20% last week after it announced that its annual earnings would be 20% lower than the previous year. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (Ap...
Sep 01, 2024•7 min•Transcript available on Metacast Wesfarmers has seen its annual sales jump to more than $44 billion and it’s putting a heap of praise on one particular business. Qantas has reported a 16% drop in its annual profit in its first annual update since new CEO Vanessa Hudson stepped in. Nvidia, the AI chipmaker, exceeded its quarterly guidance on all the key metrics… but its share price dropped more than 7%. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): ht...
Aug 29, 2024•7 min•Transcript available on Metacast Coles has seen its profit jump to over $1.1 billion…copping applause from shareholders and flak from customers and government. Bunnings, Officeworks and Priceline are all looking to build a new revenue stream…and it’s not physical products…OR SNAGS. Guzman y Gomez has smashed profit forecasts in its first earnings update since its IPO. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download t...
Aug 29, 2024•7 min•Transcript available on Metacast Uber Australia has pulled the pin on its carshare business after an 8-figure Australian acquisition in 2022. Beyonce is launching a new whiskey line in collaboration with Moet Hennessy as another celeb jumps on the alcohol bandwagon. SiriusXM Holdings has signed a $100 million USD for Alex Cooper’s Call Her Daddy podcast and her network of shows. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore...
Aug 25, 2024•7 min•Transcript available on Metacast Medibank Private has seen its share price fall after missing its big fat target for member growth. The owner of the 7-Eleven chain globally has been approached in a $40 billion USD takeover from a Canadian convenience store retailer. Breville, the home appliances company has has brewed up record high sales, and its got its coffee machines to thank for it. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/Flu...
Aug 22, 2024•7 min•Transcript available on Metacast CommBank has warned that keeping cash at its bank branches is costing it more than $350 million a year. X, formerly known as Twitter, has seen its ad revenue drop by more than 24% in the first half of this year, as advertisers stay away from it. General Motors is cutting 1,000 software employees globally to streamline its initiatives and explore AI. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppSt...
Aug 20, 2024•7 min•Transcript available on Metacast NAB has announced a $1.75 billion cash profit for the past three months, but it’s facing a pesky problem from its customers. Origin Energy has announced a record annual profit… but its shares had a bit of a blackout, with a 10% dip after some red flags for the upcoming year. Paramount Global’s shares have jumped 7% as a surprise new entrant prepares a counteroffer for the media giant. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app ...
Aug 18, 2024•7 min•Transcript available on Metacast CommBank has announced a whopping $9.8 billion cash profit for the past 12 months after growing its customer base even further. Telstra has seen its annual net profit take a double-digit drop after its mobile price rises weren’t enough to offset some major expenses. Universal Music Group and Meta are expanding their music-licensing deal, which will make Universal’s songs available on all of Meta’s platforms. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwor...
Aug 15, 2024•7 min•Transcript available on Metacast JB Hi Fi has seen its full-year profits fall over 16% and investors piled on… in a good way.. Sending its shares up more than 10%. Temple & Webster nearly hit $500m in annual sales and its share price skyrocketed 26%. Seek’s shares dropped over 7% after it announced that earnings for the 2024 financial year fell by 13%. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app ...
Aug 13, 2024•7 min•Transcript available on Metacast News Corp, the publishing behemoth, has officially put up Foxtel and its streaming services up for sale! The parent company of clothing brands Millers, Katies and Noni B saw its shares drop more than 40% last week as it struggles to stay afloat. Life360’s share price has hit an all-time high as it crosses 70 million users. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (...
Aug 11, 2024•7 min•Transcript available on Metacast Nine Entertainment is expected to wrap up its $220m, two-year share buyback - after a whack in profits and business performance. Airbnb has had its largest share price drop since going public in 2020. Warner Brothers Discovery has written down the value of its TV assets by $9.1 billion USD, leading to a $10 billion USD net loss for the quarter. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore D...
Aug 08, 2024•7 min•Transcript available on Metacast Treasury Wine Estates, the owner of Penfolds, will sell off some of its cheaper wine brands after budget drinkers tighten their purse strings. A US court has found that Google spent billions of dollars to illegally monopolise the online search market. Mars Incorporated is considering a takeover of Kellanova, the makers of Pringles and Coco Pops. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore ...
Aug 06, 2024•7 min•Transcript available on Metacast Atlassian saw its share price plummet after it warned that revenue is expected to slow down over the next year. Apple is back on the winners list after it saw growth in its revenue over the past 3 months… but not all is rosy in Apple-land. Intel is cutting 15,000 jobs and suspending its dividend as its stock fell 20% in one day last week. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Downloa...
Aug 04, 2024•7 min•Transcript available on Metacast An Aussie vodka maker, Billson’s Brewery, that makes a popular ready-to-drink vodka, has gone into voluntary administration. Microsoft saw its shares drop 7% in its worst day since October 2022 after its AI revenue juuuuuust missed its forecast. Procter & Gamble suffered its slowest sales growth in six years as consumers start cutting back on brand-name products. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http:...
Aug 01, 2024•7 min•Transcript available on Metacast Canva has announced that it will acquire AI startup Leonardo.Ai in a big deal for Australia’s start-up ecosystem. Rex Airlines shares are in a trading halt as it tries to find a way to stay out of administration. McDonald’s sales have fallen for the first time in 13 quarters after Maccas’ Big Macs are pricing people out of the fast-food market. — Get 50% of Flux Pro for the next 12 months: https://fluxfinance.page.link/EOFY-campagin-50off Build the financial wellbeing of your team with Flux at W...
Jul 30, 2024•7 min•Transcript available on Metacast Aldi Australia has announced that it’s abandoning its plan to offer online shopping because it’s doing fine without it. ChatGPT’s creator, OpenAI, is officially coming after Google Search after launching its new search feature “SearchGPT”. Hermes, the luxury clothing brand, has bucked the trend of other luxury brands by reporting a 13% rise in second quarter sales. — Get 50% of Flux Pro for the next 12 months: https://fluxfinance.page.link/EOFY-campagin-50off Build the financial wellbeing of you...
Jul 28, 2024•7 min•Transcript available on Metacast Deloitte Australia has seen its revenue drop by more than $70 million in the last financial year after its consulting division was hit haaard by a slowdown in spending. Tesla has seen its share price drop 12% after it saw an enormous quarterly drop in profit thanks to more and more electric vehicle competition. Country Road Group is expected to restructure its business and re-shape its team after a tough couple of years in the retail space. — Get 50% of Flux Pro for the next 12 months: https://f...
Jul 25, 2024•7 min•Transcript available on Metacast The merger between Mighty Craft beverages and The Inspired Unemployed’s Better Beer has fizzled out after Mighty Craft fell into administration. Mattel, the toymaker behind Barbie and Hot Wheels, has seen its share price skyrocket 20% after reports that a private equity firm is looking to acquire it. Dolce&Gabbana is flirting with the idea of bringing in outside shareholders for the very first time either through a listing ..or other ways. — Get 50% of Flux Pro for the next 12 months: https:...
Jul 23, 2024•7 min•Transcript available on Metacast Fortescue Metals Group, one of Australia’s largest companies, has cut 700 jobs across its global workforce after its green ambitions haven’t quite met investor expectations. Microsoft has announced a new AI-powered designer app late last week, to help newbies with their basic design skills. The maker of Ray Ban sunnies, EssilorLuxotica, has acquired the Supreme fashion brand for $1.5 billion USD. — Get 50% of Flux Pro for the next 12 months: https://fluxfinance.page.link/EOFY-campagin-50off Buil...
Jul 21, 2024•7 min•Transcript available on Metacast An Australian viral beauty brand Coco & Eve has raised $100 million from a US private equity business, which will now take a majority stake in the business. Google is looking to make its biggest acquisition ever after it announced late-stage talks to acquire a cybersecurity company for $23 billion USD. Nvidia and other AI chipmakers have seen their share prices plummet after Donald Trump’s latest comments on the chip industry in Taiwan. — Get 50% of Flux Pro for the next 12 months: https://f...
Jul 18, 2024•7 min•Transcript available on Metacast 
